Mercer, Inc. provides the following data for 2019: Net Sales Revenue Cost of Goods Sold The gross profit as a percentage of net sales is . (Round your answer to two decimal places.)

The question is incomplete as it is missing the figures. The complete question is,

Mercer, Inc. provides the following data for 2019:

Net Sales Revenue 598000

Cost of Goods Sold 350000

The gross profit as a percentage of net sales is . (Round your answer to two decimal places.)

Gross profit as a percentage of net sales = 0.4147 or 41.47%

Explanation:

The gross profit is a profit earned by a business through its trading activity. It is calculated by deducting the cost of goods sold from the net sales revenue and it is the profit earned by a business before deducting any operating and non operating expenses of the business.

Gross profit = Net Sales - Cost of goods sold

Gross Profit = 598000 - 350000   = $248000

The gross profit as a percentage of net sales is,

Gross profit as a percentage of net sales = Gross profit / Net Sales

Gross profit as a percentage of net sales = 248000 / 598000

Gross profit as a percentage of net sales = 0.4147 or 41.47%

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Explanation: